SaudiArabiaPR.com, Online Press Release from Saudi Arabia,Riyadh, Jeddah, Dammam, Meccca and Medina
 
Healthcare(Healthcare & Medicine)
Filter PR by
  
Amanat portfolio company agrees to acquire three medical facilities in Jeddah Saudi Arabia
International Medical Center acquires three new facilities in North Jeddah
• In line with Amanat’s strategic growth plans of making both direct and add-on acquisitions to its portfolio
• Amanat oversaw the acquisition, leveraging its deep healthcare expertise to support successful closing
 
Saudi - 02 July 2019:  Amanat Holdings PJSC (“Amanat”), the GCC’s largest healthcare and education investment company, announces that its portfolio company, International Medical Center (“IMC”), has agreed to the acquisition of 100% of three medical facilities located in North Jeddah, Saudi Arabia. Completion is pending regulatory and legal approvals of the Ministry of Health in Saudi Arabia. 
 
IMC is a leading tertiary care hospital, with an existing 300 bed capacity, located in Jeddah, Saudi Arabia. This new acquisition brings a full suite of complementary medical capabilities in North Jeddah, including a modern primary care center with over 100 highly qualified doctors across multiple specialties; a state-of-the-art radiology center offering a comprehensive range of medical imaging services such as MRI and CT scan machines; and a unique stand-alone day-case surgery units (Tadawi), with four specialized surgery rooms.
 
IMC intends to enhance and upgrade the level of services provided by the acquired healthcare facilities and deploy a hub-and-spoke model to successfully deliver this growth strategy. The acquisition is in line with IMC’s strategic plan to acquire and develop quality healthcare assets across Jeddah and the wider Western region of Saudi Arabia. 
 
Amanat’s investment team has played a central role in this latest corporate development for IMC, bringing its deep experience in healthcare and acquisitions to support the successful completion of the transaction. This partnership illustrates how Amanat’s collaborative approach to its portfolio companies helps them achieve their potential, creating significant value for Amanat shareholders.
 
Commenting on IMC’s acquisition, Tristan de Boysson, CEO of Amanat, said, “This acquisition marks a significant step forward for IMC in its growth ambitions, and we are excited about the potential for IMC to continue to expand through further strategic acquisitions. The transaction is a great example of how we partner actively with our portfolio companies to help them unlock their full potential. We have worked closely with IMC to help it complete its first acquisition and we look forward to supporting its continued success as it develops a market-leading specialist care offering.”
 
Dr. Ashraf Amir, medical director of the International Medical Center (IMC), added: “We have a clear vision for IMC’s development that we are focusing on realizing, by delivering international healthcare standards in the Western region of Saudi Arabia. We consider this deal as a first step in our growth strategy, through which we will explore further opportunities to acquire clinics with successful business models, alongside continuing to attract the best qualified and well recognized physicians and medical professionals.” 
 
Amanat holds a 13.18% stake in IMC within its healthcare investments.

Posted by : Saudi Arabia,Riyadh, Jeddah, Dammam, Meccca and Medina PR Network Editorial Team
Viewed 4507 times
PR Category : Healthcare & Medicine
Posted on : Tuesday, July 2, 2019  5:45:00 PM UAE local time (GMT+4)
Email this article Print this article

Share this article with your friends and followers
NewsVine
Back to Section Home

Related Stories

 
 
Most Viewed Press Release posted in the last 7 days
Eid Gifts From The Body Shop [28651-Views]
Make Up for Ever Introduces for the First Time Its New Active Care-in-foundation to Revive Tired Ski... [18323-Views]
Kristina Fidelskaya A/W 2020 Collection “Dream” [15170-Views]
Maillon De Cartier Watch [14317-Views]
HONOR MagicBook Series is Perfect for Fashion Forward, Design Conscious Individuals Across the Middl... [14288-Views]
Olay Eyes Hydra Gel [14272-Views]
Turkish Jewellery Designers Terzihan Present 'neutra' Their Stunning New Collection Featuring Raw Na... [12341-Views]
LG Prioritizes Home Comfort With Latest Air Conditioners for GCC Market [12107-Views]
Majority of G.C.C. Travel Agents Envisage a Return to International Travel by August/September [12079-Views]
Urgent Implementation of ICAO COVID-19 Guidelines Needed [10951-Views]
Omega Announces Its Role as the Official Timekeeper of the 36th America's Cup [10570-Views]
Ralph Lauren Expands Its Earth Polo Offering, Reinforces Commitment to Protecting the Environment [9750-Views]
A Bronzed Adonis [8663-Views]
UAE Banks Among Top Performing in GCC, KPMG Report Finds [8122-Views]
Made in Italy, ICSA® Issues a Notification of Counterfeit Products Found in the Kingdom of Saudi Ara... [7601-Views]
COVID-19 Triggers Marked Decline in Global Trade: UNCTAD [7417-Views]
After April Passenger Demand Trough, First Signals of Uptick [7372-Views]
Lamborghini SCV12: Squadra Corse Hypercar Ready to Hit the Track [6777-Views]
Lockdown Showdown: Jaguar I-pace Etrophy Series to Get Back on Track in Berlin in August [5982-Views]
Preparing for a New Post-pandemic Economic Era in Mena [5740-Views]
 
RSS Facebook Twitter LinkedDin
 
Top Sections
 
Top Stories